Over the past few years, the US Federal Reserve has been ahead of other major central banks in normalizing monetary policy. But now the Fed has abruptly put further interest-rate hikes on hold, owing to key changes in macroeconomic conditions and the political environment.
We consider ourselves excellent spectators of competition and look forward to March Madness this month. We are reminded that these very competitive games can’t take place unless there are rules and referees to officiate. Our long-time readers are aware that we have warned of the danger surrounding the aggregation of power by the monopolistic tech behemoths.
Just over a decade ago, global markets began to recover from the biggest shock in postwar history. These 10 charts show both how much has changed since then and how post-crisis market conditions may influence the next decade.
Investors in UK inflation-linked bonds are facing two critical sources of structural uncertainty: volatility arising from the Brexit process, and questions about the deeply entrenched (yet problematic) Retail Price Index (RPI), to which UK “linkers” are tied.
In economic (and political) circles, “Modern Monetary Theory” has gotten some buzz of late. What does it mean—and does it have any merit? Franklin Templeton Fixed Income Chief Investment Officer Sonal Desai thinks it’s not only potentially dangerous, but offers intellectual fuel for populism.
All eight indexes on our world watch list posted gains through March 18, 2019. The top performer is the Shanghai SSE with a 25.60% gain and in second is Hong Kong's Hang Seng with a gain of 17.03%. In third is France's CAC 40 with a gain of 15.43%. Coming in last is India's BSE SENSEX with a gain of 6.14%.
Extraordinary policy measures are proving extraordinarily difficult to undo.
As a financial professional, it is assumed that you understand why everything seems so expensive, yet reported inflation is so low. Here’s the short answer and the consequences for your customers.
When will prices in China and Japan become attractive?
The National Association of Home Builders (NAHB) Housing Market Index (HMI) is a gauge of builder opinion on the relative level of current and future single-family home sales. It is a diffusion index, which means that a reading above 50 indicates a favorable outlook on home sales; below 50 indicates a negative outlook. The latest reading of 62 is unchanged from last month.